STEVE MORGAN today (Tuesday) withdrew his #70m investment offer to Liverpool, insisting he has had enough of the saga.

STEVE MORGAN today withdrew his #70m investment offer to Liverpool, insisting he has had enough of the saga.

The Redrow Homes founder and lifelong Liverpool fan pulled out, insisting club bosses have failed to make a decision on his latest proposals following more than two months of discussions.

But Liverpool chief executive Rick Parry has responded by insisting the club has made progress in its attempts to attract multi-million pound investment to Anfield.

Today's developments mark the end of an eight month period in which Morgan has been trying to plough money into Liverpool in return for either a seat on the board or control in place of current chairman David Moores.

In all, the Liverpool born ex-builder has submitted four separate offers.

Following the AGM this month when directors said they were in discussions with other potential investors, Morgan gave them until the end of last week to accept or reject his offer.

Morgan's frustration was clear at the AGM when his wife made an impromptu plea to the board to accept her husband's offer.

She told them it felt like they would 'rather do a deal with the devil' than with her husband.

Morgan's lawyer, Vincent Fairclough, said today: "Steve has finally lost patience with the Liverpool board using his offer as a stop gap while they scour the world looking for a better one.

"He is no longer prepared to be used as a stalking horse. He has tried his best throughout the year to invest in the club because he wants to see it go forward.

"He just hopes for the sake of the fans and the shareholders that the directors urgently secure a deal and get on with it, as it is clear that the club badly needs investment."

A press statement from the Morgan camp added: "Although Mr Morgan's earlier offers were to invest all #70m directly into the club this was not acceptable to the chairman.

"His latest offers were changed at the request of the club's directors so that #35m went directly into the club and #35m was used to purchase existing shares, with Mr David Moores receiving the lion's share.

"At the AGM, chairman David Moores said it was 'maybe time' to accept the offer. However, he and the Liverpool board have failed to respond, either positively or negatively."

Fairclough added: "Steve has had enough of the indecision. He loves the club and desperately wants to take it forward, but he simply can't wait around forever. He has other things to do with his life."

Liverpool chief executive Parry today denied the club was using Morgan as a 'stalking horse', insisting the club has a duty to continue discussions with other investors.

"I would reiterate what we said at the AGM. We've received a potentially exciting expression of interest which may or may not lead to a firm proposal. We feel duty bound to explore this fully. We made it clear this interest came late in the day.

"While no-one wants this to drag on we feel we have to consider all options in a considered way.

"My immediate reaction to the statement on behalf of Steve is Liverpool's board has never considered him a 'stalking horse'. We have always viewed Steve as a credible and serious investor. But while there are other options, it's up to us to explore them.

"We are not in a panic. There have been developments on that score since the AGM, but we are not in a position to say any more."